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The foreign exchange market in India has been fairly disorganized, due to which there are wide fluctuations in forex rates and there is no uniformity regarding forex products and regulation. BookMyForex was established by Mr. Sudarshan Motwani in 2012 to address exactly these challenges. He has successfully established and run the Foreign Exchange division at some of the most renowned banks in India in the past.
Finding the Indonesian Rupiah exchange rates today in Nadiad used to be a challenge until BookMyForex came into the picture. BookMyForex is the first portal in India that provides live rates and actual Indonesian Rupiah exchange rates today in Nadiad to exchange currency. The other option for customers is to lock-in the Indonesian Rupiah exchange rates today in Nadiad by selecting the 'Freeze the rate' option on the website. 'Today's IDR rate in Nadiad' as per other websites and currency exchangers is the base rate or interbank rate but currency isn't really exchanged at this rate. Through the practice of 'today's IDR rate in Nadiad' the rates actually charged by other currency exchangers are much higher since they have to cushion themselves against losses on account of currency fluctuation, since like any other financial security the Indonesian Rupiahs are traded electronically worldwide. So the customers end up being at the losing end when 'today's IDR rate in Nadiad' is the basis for currency exchange.
The Company's entire suite of forex products includes IDR currency notes, IDR forex cards, IDR traveler's cheques or remittance products such as IDR demand drafts and IDR wire transfers.Orders are delivered by our own branches or by exchange companies that partner with us
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